Prologis Inc. (NYSE:PLD) saw an upside of 0.32% to close Monday at $128.94 after adding $0.41 on the day. The 5-day average trading volume is 1,919,620 shares of the company’s common stock. It has gained $131.08 in the past week. An average of 2,470,585 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,306,684.
PLD’s 1-month performance is -3.51% or -$4.69 on its low of $123.90 reached on 09/28/21. The company’s shares have touched a 52-week low of $93.08 and high of $139.60, with the stock’s rally to the 52-week high happening on 09/08/21. YTD, PLD has achieved 29.38% or $29.28. However, the current price is down -7.64%% from the 52-week high price.
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On Aug 30, 43 days have gone by since the last insider trading activity for Prologis Inc. (PLD). LYONS IRVING F III (Director) most recently sold 24,000 shares at $133.53 per share on Aug 30. This transaction cost the insider $3,204,655. Director, KENNARD LYDIA H, sold 10,000 shares at a price of $118.00 on May 27.
The company’s PE ratio for the last five years has touched a high of 70.16 and a low of 17.92. PLD stock has a beta of 0.76. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 21.35 while the price-to-book (PB) in the most recent quarter is 2.97, with the price to cash flow ratio at 85.89.
Prologis Inc. pays an annual dividend of $2.52 per share. Its dividend yield is 1.95% and the payout ratio is 115.80%. PLD’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.63 a share compared with prior rate of $0.63, down 0.0% from last year’s. The company has boosted its dividend for the last 8 consecutive years with the latest dividend increase of $0.05 reported on Thursday February 25 2021. Measured over the last 3 years, the Dividend has been growing by 31.82% yearly.
It is projected that Prologis Inc.’s next ex-dividend date will be on 20-Dec. PLD is expected to distribute $0.63 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.53, while the total debt to equity was 0.53. In terms of profitability, the gross margin trailing 12 months is 73.30%. while for the period ending June 29; Prologis Inc.’s operating margin was 23.70%. The firm’s gross profit as reported stood at $2.12 billion against revenue of $4.44 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PLD to announce $0.44 per share in earnings in its latest quarter, but it posted $0.81, representing a 84.10% surprise. EBITDA for the quarter stood at more than $1.06 billion. PLD stock balance sheet for the quarter ending June 29 shows that, with total debt at $17.39 billion. Shareholders hold equity totaling $739.25 million
Let’s look briefly at Prologis Inc. (PLD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 52.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.80%.
The stock’s 5-day moving average is $128.21, reflecting a +1.66% or $2.11 change from its current price. PLD is currently trading -2.89% above its 20-day SMA, +11.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.70% and +34.05% respectively.
Stochastic %K and %D was 70.33% and 60.92% and the average true range (ATR) pointed at 2.22. The RSI (14) points at 48.80%, while the 14-day stochastic is at 70.19% with the period’s ATR at 2.21. The stock’s 9-day MACD Oscillator is pointing at 1.59 and 1.47 on the 14-day charts.
In the most recent analyst report for Prologis Inc. (NYSE: PLD), Evercore ISI downgraded it to an In-line rating. They previously had an Outperform rating on the stock. Analysts offering their rating for PLD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PLD as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 15 have offered a “buy” rating.
What is PLD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $132.00 and a high of $166.00, with their median price target at $144.00. Looking at these predictions, the average price target given by analysts is for Prologis Inc. (PLD) stock is $145.18.